E5.540 Introduction to the construction industry scheme (CIS)
The legislation governing the construction industry scheme (CIS) is contained in FA 20041 and the operational details are contained in SI 2005/2045. The regulations cover the registration of subcontractors for gross or net payment, the verification of a subcontractor's payment status by the contractor, the monthly returns required from contractors, and the payment and recovery of deductions under the scheme. They also allow certain persons and payments to be excepted from certain provisions of the scheme.
The current CIS applies to payments
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